Tag: City of London

In 1967, U.K. Prime Minister Harold Wilson declared devaluation wouldn’t diminish the “pound in your pocket.” Chancellor of the Exchequer Norman Lamont admitted he was heard “singing in the bath” after sterling’s link to the deutsche mark was severed in 1992, sending the currency tumbling.
If history is any guide,...

As I noted on Friday, Britain won’t be exiting the E.U. anytime soon. If and when the U.K. government invokes Article 50 of the Lisbon Treaty of 2007, which grants member states the right to leave, there will be at least two years of negotiations about the terms of Britain’s future relationship with Europe....

Officials in Brussels and Berlin suggest giving Britain a chance to reconsider its decision to quit the EU.
Pressure abated on the U.K. to serve swift notice of its intention to leave the European Union after last week’s referendum, as senior European policy makers suggested Britain should be allowed time...

Amid concerns that the EU referendum result risks sparking fresh financial crisis, Bank of England governor says it is ready to do whatever is needed.
The ratings agency Moody's has lowered the outlook for the UK's credit rating from stable to negative amid what it said would prove a prolonged...

An emergency broadcast by Jim Rickards in which he interviews a gold industry insider from Zurich, Switzerland. Goldfinger is in direct contact with major players in gold market like the LBMA bullion banks, major Swiss refiners and vault owners.
James Rickards is the Editor of Strategic Intelligence, a financial newsletter,...

Deutsche Bank, Germany’s once-respected giant bank, has admitted being a party–together with a cartel of major Wall Street and select other international banks–in deliberately manipulating the price of gold over a period of years. As well, the German bank, in a court settlement with litigants in a US court,...

A Britain outside the EU means Israel will lose an important insider voice and critical traction in the shifting and sometimes hostile EU debates about what policies to adopt toward Israel.
It will, of course, be an internal, domestic decision for the United Kingdom’s voters on June 23 when they...

Buried amid tens of thousands of pages of former US Secretary of State Hillary Clinton’s secret emails, now being made public by the US Government, is a devastating email exchange between Clinton and her confidential adviser, Sid Blumenthal. It’s about Qaddafi and the US-coordinated intervention in 2011 to topple...

A Brexit could make the U.K.'s special relationship with the United States a lot less special.
The death of London as a financial center. A trade war between Germany and Britain. The possible collapse of a historic trade deal. When British voters head to the polls this summer to decide...

While Washington seems obsessed with trying to humiliate China’s President Xi Jinping and make him lose face, sending warships into Chinese territorial waters in the South China Sea just days after Obama’s White House meeting with President XI, and other provocative acts, Britain’s government is taking advantage of the...